Buying a House With Cash? Don’t Forget These Added Expenses

There’s no question that buying a house with cash will make you feel like a million bucks. Maybe you came into a large inheritance, or you’re just really good at saving. Either way, paying the price of the home in full means you won’t have to worry about making mortgage payments. Plus, sellers love a cash offer because it means they won’t have to wait for mortgage lenders to approve your funding. High-fives all around!

You will, however, still be responsible for other costs that come with buying and owning a house. Don’t forget about these expenses you’ll have to cover, even if you plan on financing the house with cold, hard cash.

Closing costs

The purchase price is the biggest number you’ll have to face when buying a house, but there are still closing costs that must be dealt with, says Realtor® Denise Shur with 1:1 Realty in San Jose, CA. Sure, you won’t have those loan-related fees, but there are a grab bag

... read more at: http://www.realtor.com/advice/buy/best-of-advice-if-i-pay-cash-for-a-house-what-else-will-i-owe/

Men are shopping more. And they’re being stupid about it.

Men are doing more grocery shopping today than in decades past. And guys? We’re being really stupid about it.

A survey by Men’s Health magazine reportedly found that 84 percent of male respondents consider themselves the primary grocery shoppers for their households, a 19 percent jump compared to just 20 years ago. And although a handful of other polls indicate many women disagree with that assertion, most of the research does say that men are grocery shopping more than they were before, even if their place as “primary” shopper is debatable.

But while women are statistically prone to go in with weeklong cooking plans and lists of specific items in mind, men are more likely to pick up groceries a day at a time and grab whatever shiny thing jumps out at them.

That means we’re easily swayed by colorful displays promising “Everything you need for tonight’s dinner,” even if

... read more at: http://portland.bangordailynews.com/2017/08/22/news/men-are-shopping-more-and-theyre-being-stupid-about-it/

Auto review, 2017 Mazda CX-5: Boring is beautiful?

Please don’t hate me for saying so, but the Mazda CX-5 is one of the dullest cars on the road.

In terms of styling, performance and technology, it’s just … plain.

The 2017 Mazda CX-5 is fun and easy to drive.The 2017 Mazda CX-5 is fun and easy to drive.

No fireworks. No fanfare. No drama.

No one is going to slide up to you at a red light and say, “Hey, man, is that the new CX-5?” No one is going to stop you in the parking lot at and say, “Wow. Is that yours?” If you go somewhere nice to eat, the valet guys won’t park it out front with the hot cars.

That’s not necessarily a bad thing. Boring isn’t bad. No drama can mean no problems.

Though there may not be any reason to fall calamitously in love with this car, there’s also nothing not to

... read more at: http://www.pressherald.com/2017/07/30/auto-review-2017-mazda-cx-5-boring-beautiful/

Developer aims to address need for affordable housing with new apartments in Parkside

A rendering shows the first phase of Avesta’s planned $10 million housing development in Parkside, a four-story building at the corner of Cumberland Avenue and Mellen Street. Rendering courtesy Archetype Architects

Maine’s largest affordable-housing developer wants to build 82 apartments – mostly for low-income residents – in Portland’s Parkside neighborhood, adding badly needed units at below-market rates in a city where gentrification threatens to displace many low- and middle-income residents on the peninsula.


photo-storephoto-store

But the $10 million Deering Place development is also raising residents’ concerns about density in the already thickly populated neighborhood between Deering Oaks and Congress Street.

The proposal by Avesta Housing would include an addition to the single-story building at 510 Cumberland Ave. and two new four-story buildings: one on

... read more at: http://www.pressherald.com/2017/08/09/avesta-plans-82-unit-housing-complex-with-affordably-priced-units-in-parkside/

Ease, amenities of condo living, a short walk to the beach

OLD ORCHARD BEACH – A very few minutes’ walk to the seven miles of sand and sea that make this oceanfront town so desirable, here’s a sweet, single-level condominium in tiptop condition and ready to welcome year-round new owners, or people seeking a seasonal getaway.

Built in 1985, the unit has been thoroughly updated in recent years, including even the exterior’s gray shingles, and all windows. In 2015 a Rinnai heater, augmenting (or replacing) electric heat was added.

Aesthetically, nothing about the condo says “1980s.” The main living area is open-concept, and the remodeled kitchen features new appliances, quartz counters including a work/dining island; cool, tile backsplashes; a pantry, and maple cabinetry. Near the dining area of the large living room, sliders open to a private back deck (composite) that receives excellent afternoon and evening light.

New tile, a granite vanity, and stacked laundry in an enclosure are among the full bath’s updates. Both

... read more at: http://www.pressherald.com/2017/08/18/ease-amenities-condo-living-short-walk-beach/

Pathfinder Expands Portland-Area Footprint with Sixth Acquisition – Multi

The Habitat in Portland, Ore.

The Habitat in Portland, Ore.

Pathfinder Partners acquired The Habitat, an 85-unit, 11-building community in Portland, Ore., for $15 million. According to Yardi Matrix data, Fowler Property Acquisitions sold the property. Cody Hagerman and Greg Fink of Portland-based HFO Investment Real Estate brokered the deal. 

Located at 5745 S.W. Oleson Road, The Habitat is part of the Raleigh Hills neighborhood. The property is conveniently located a few miles from downtown Portland and in close proximity to Beaverton, Ore., and Hillsboro, Ore., which are home to major employers such as Intel, Nike and Columbia Sportswear. The multifamily asset sits on 4.8 acres and encompasses 19 duplex-style cottages and 66 garden-style apartments, averaging 789 square feet each. Amenities include:

  • Swimming pool
  • Fitness center
  • Laundry room
  • Private pond
  • Clubhouse
  • 160 parking spaces  

Renovation plans

The new owner of the property, which was built in 1978, intends to upgrade it.

... read more at: https://www.multihousingnews.com/post/pathfinder-expands-portland-area-footprint-with-sixth-acquisition/

Pathfinder Expands Portland-Area Footprint with Sixth Acquisition – Multi

The Habitat in Portland, Ore.

The Habitat in Portland, Ore.

Pathfinder Partners acquired The Habitat, an 85-unit, 11-building community in Portland, Ore., for $15 million. According to Yardi Matrix data, Fowler Property Acquisitions sold the property. Cody Hagerman and Greg Fink of Portland-based HFO Investment Real Estate brokered the deal. 

Located at 5745 S.W. Oleson Road, The Habitat is part of the Raleigh Hills neighborhood. The property is conveniently located a few miles from downtown Portland and in close proximity to Beaverton, Ore., and Hillsboro, Ore., which are home to major employers such as Intel, Nike and Columbia Sportswear. The multifamily asset sits on 4.8 acres and encompasses 19 duplex-style cottages and 66 garden-style apartments, averaging 789 square feet each. Amenities include:

  • Swimming pool
  • Fitness center
  • Laundry room
  • Private pond
  • Clubhouse
  • 160 parking spaces  

Renovation plans

The new owner of the property, which was built in 1978, intends to upgrade it.

... read more at: https://www.multihousingnews.com/post/pathfinder-expands-portland-area-footprint-with-sixth-acquisition/

CBRE Brokers Sale of $56M Portland Community – Multi

Witham Hill Oaks Apartments

Witham Hill Oaks Apartments

After CBRE Affordable Housing brokered the sale of a 43-property, 4,153-unit affordable housing portfolio, CBRE’s Capital Markets group secured the sale of Witham Hill Oaks Apartments, a 420-unit community located in Eugene, Ore., on behalf of the seller, Witham Hill Oaks Apartments LLC. Verdant Development bought the asset for $56 million.

Located at 4275 NW Clubhouse Place, on approximately 24 acres, the community is ideally situated fewer than two miles from the Oregon State University campus and near major employers such as Hewlett-Packard and Good Samaritan Regional Medical Center. The 200,000-square-foot Timberhill Shopping Center anchored by Winco Foods, Ross and Petco is also nearby.

Long-term owner

The 50 one- and two-story buildings consist of one-, two- and three-bedroom units ranging in size from 405 to 998 square feet. Witham Hill Oaks was built in three phases. The first 220 units were

... read more at: https://www.multihousingnews.com/post/cbre-brokers-sale-of-56m-portland-community/

Residents return to building after Portland Street fire – Eagle

HAVERHILL — All but one of the residents who were displaced after a fire broke out in a 17-unit apartment building at 25 Portland St. early Tuesday evening have returned to their homes.

Building manager James Goudreault said that at around noon Wednesday, city inspectors told him he could begin moving residents back into the building. The exception was a man who lives in the third-floor rear apartment, where an apparent kitchen fire broke out, forcing evacuation of the entire building.

“He’s an older man, a veteran, and I’m hoping he’ll be getting help in finding another apartment,” Goudreault said. “It will probably be a few months before he can move back in.”

The building was the scene of the deadly shooting of Joseph Smith, 33, on Feb. 9. The suspected shooter, Sean LaRose, 34, of Haverhill, was arrested and later indicted on murder and other charges. He is scheduled for a status hearing Aug. 23 in

... read more at: http://www.eagletribune.com/news/haverhill/residents-return-to-building-after-portland-street-fire/article_f17e8afd-44bf-56ee-b5ee-c78003c0d9cc.html

JLL Income Property Trust Acquires Premier Portland Apartments

CHICAGO, July 20, 2017 /PRNewswire/ — JLL Income Property Trust, an institutionally managed, daily valued perpetual life REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), today announced the acquisition of Jory Trail at the Grove, a premier 324-unit apartment complex that is 95% leased. The Class A apartment property is located in the Portland, Oregon suburb of Wilsonville. The purchase price was approximately $75 million.

... read more at: http://www.prnewswire.com/news-releases/jll-income-property-trust-acquires-premier-portland-apartments-300491162.html